THE IMPACT OF TARIFFS ON DIFFERENT DIMENSIONS OF GLOBAL ECONOMY: AN OVERVIEW

In recent years, the global trade environment has witnessed a significant growth in protectionism, with tariffs emerging as a key policy tool. This tendency has been spearheaded by Donald Trump's administration in the US, which has imposed tariffs on all nations, including China and India. This paper aims to explore the history of tariffs, opportunities and challenges of tariffs, reasons to impose tariffs by US to the rest of the world and the impact of tariff imposed by US on world share market. By analyzing the world share market trends over the last three months, this paper seeks to provide insights into the short-term effects of tariffs.